Mumbai (Maharashtra) [India], March 4: Universal Sompo General Insurance Company Limited (USGI), a leading general insurance provider in India, has announced a new green initiative aligned with its ESG strategy and commitment to the environmental sustainability. Under this initiative, the co
Japanese cars could end up being sold at lower prices than South Korean cars such as Hyundai Motor Co. in the American market when U.S. tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday.
In the automobile segment, GST on petrol and petrol-hybrid cars, as well as LPG and CNG variants not exceeding 1200 cc engine capacity and 4000 mm length, has been reduced from 28 per cent to 18 per cent.
"We have written to the Heavy Industry Ministry (saying) that fully electric vehicles attract five per cent duty. About 43 per cent duty is levied on petrol and diesel vehicles including cess. What we are saying is that hybrid cars should not be subject to the same duty as petrol and diesel,
Seoul [South Korea], April 29 (ANI/Global Economic): The number of hydrogen electric vehicles supplied in Korea is highest in the world, but the charging infrastructure is very poor.
New Delhi [India], Sept 11 (ANI): The Society of Indian Automobile Manufacturers (SIAM) on Monday opined that the introduction of differential taxes on hybrid cars is necessary to encourage hybrid vehicles.